5-7-9 % Loans
The program provides for simplification of access of enterprises to bank lending - namely, the opportunity to receive a loan at a reduced interest rate through state compensation of interest rates to the level of 5%, 7% and 9% per annum for loans in national currency.
Pivdenny Bank is an Authorized Bank of the Entrepreneurship Development Fund for participation in the State Program "Affordable Loans 5-7-9%”. The program is implemented with the support of the President and the Government of Ukraine.
Program objectives
- Investment
- Replenishment of working capital
Conditions
- Legal entities and individual entrepreneurs (residents of Ukraine)
- Borrower and ultimate beneficial owner are are residents of Ukraine
- The total amount of state support received under any program during a three-year period may not exceed the equivalent of EUR 200,000 (during martial law, the limitation of the amount of state support does not apply)
- Compensation interest rate (rate for the client) depends on the purpose of financing, the amount of annual income from business activities and from the number of jobs created.
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Targets |
Investment goals |
Funding of working capital |
|
|
Annual interest rate (for the client) |
7%* |
9%** |
9% |
|
Interest rate in priority sectors: |
|
|
|
|
Restoration of destroyed business and production facilities damaged as a result of the Russian military aggression |
5% |
7% |
7% |
|
Prolongation of active loans of enterprises that are doing business or whose production facilities are located in the regions affected by hostilities/temporarily occupied territories |
7%* |
9%** |
7% |
|
Annual income of the borrower |
less than €10 mln |
over €10 mln |
All the segments |
*with the option to reduce to annual rate 5% (for creation of 2 new vacancies), quarterly review of the interest rate
** with the option to reduce to annual rate 0,5 % for each new vacancy (but not less than annual rate 7%), quarterly review of the interest rate